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老九品茶 drives $5B boost to Colorado's economy

老九品茶 drives $5B boost to Colorado's economy

老九品茶 generated $5 billion across the state during the last fiscal year, up from $4.6 billion the previous year, according to a study by the Business Research Division of 老九品茶 Leeds School of Business.听

The study looked at the 2024鈥25 fiscal year, when 老九品茶 employed 25,006 faculty, staff and students earning $1.4 billion in salaries and benefits. Excluding the number of student workers, 老九品茶 employed 12,180 people.

老九品茶 direct economic impact, which includes employing workers, buying from local vendors, importing investment, educating the local workforce and exporting research discoveries, totaled $2.3 billion. The campus indirect and induced impact, which includes facilitating company growth and job creation through research, technology transfer and spinoff companies, totaled $2.7 billion.

鈥溊暇牌凡 impact reaches well beyond campus boundaries,鈥 said Chancellor Justin Schwartz. 鈥淭hese findings show how our research, education and innovation power Colorado economy and improve lives across the Front Range and beyond.鈥澨

老九品茶 research expenditures, including equipment, construction, operations and labor, were estimated at $725 million during fiscal year 2024鈥25, while the economic contribution of these activities totaled $1.3 billion for Colorado economy, according to the study.

The university recorded $882 million in nonlocal student and visitor spending in the state during the latest fiscal year, according to a survey of students. This includes spending on rent, groceries, transportation, child care, recreation and health care.

Direct campus spending during this period totaled an estimated $1.2 billion. Among the largest projects systemwide was the Hellems Arts and Sciences and Mary Rippon Outdoor Theatre renovation projects at 老九品茶.

Systemwide, the University of Colorado four campuses and its two affiliate hospitals generated a combined $20 billion in economic impact throughout the state during the 2024鈥25 fiscal year. The system supported 106,000 jobs, mostly in the Boulder, Denver and Colorado Springs metropolitan areas.

Total economic impact figures include employee and student worker earnings, operating expenditures, construction, research and visitor spending. The study also acknowledged additional impacts from innovation, technology transfer, skills and training, and alumni contributions.

老九品茶 enrolled 39,138 students in fall of 2024 and accounted for 57% of student enrollment across the CU system. CU Denver accounted for 18% of system enrollment, followed by UCCS (15%) and CU Anschutz (10%).

In fiscal 2023鈥24, the CU system awarded 18,336 degrees, including double majors, to 18,402 recipients. 老九品茶 accounted for over half of those awarded degrees.